Connex FY2020 filing

Not tax-deductible

Irving, TX501(c)(6)Since 1995Mutual / membership EIN 75-2611922Revenue $2.0M in FY2020

On file with the IRSconnexfm.com220 Las Colinas Blvd E Ste 100, 75039-5509 · Irving, TXTax-exempt since Nov 1995

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Connex exists so that members have a competitive advantage in multi-site facilities management.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$531K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $671K a year · 12% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$531K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $5.2M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$3.9M
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$5.1M
FY2022$5.6M
FY2023$7.1M
FY2024$7.3M
Expenses
$3.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$5.5M
FY2022$6.1M
FY2023$7.2M
FY2024$7.8M
Net assets
$3.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.2M
FY2022$1.9M
FY2023$2.2M
FY2024$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990; $531K paid to officers and key staff.

Part VII, Section A · reportable compensation
$250,659Pt VII · Sec A
VP, Global Events
$143,111Pt VII · Sec A
VP, Knowledge & Resources
$137,161Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William M Yanek$309,817$262,891$280,752——
William Yanek———$244,834$250,659
Leeann Norton$249,307$187,419$173,878$184,512$143,111
Julie Boggs$183,070————
Richard Reyes$162,521————
Terrence O'Neill$161,427————
Donna Fuoco$159,055————
Stephanie Moon———$155,786$137,161

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps multi-site facilities managers gain a competitive edge.

Questions for Connex

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Connex's purpose is to educate members in different areas of multi-site maintenance and to provide events and programs. This year the organization had 780 company members, as well as 2,907 individual members.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$392K
Other incomeLn 4–11$3K
Money outPt IX
$3.9M
Ln 25
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$7.1M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$392K
Other incomeLn 4–11$3K
Gains on assetsLn 7$281K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$500
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$5.2M
Land, buildings, equipmentLn 10c$459K
Other assetsLn 15$51K
Total assetsLn 16$7.1M
LiabilitiesLn 26$3.7M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 520
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.5M$1.1M
InvestmentsLn 11–13$6.6M$5.2M
Land, buildings, equipmentLn 10c$569K$459K
Total assetsLn 16$9.2M$7.1M
LiabilitiesLn 26$4.1M$3.7M
Net assetsLn 32$5.1M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$258K
Other salaries and wagesLn 7$1.4M
Pension plan contributionsLn 8$16K
Other employee benefitsLn 9$218K
Payroll taxesLn 10$219K
Legal feesLn 11b$41K
Accounting feesLn 11c$109K
Investment management feesLn 11f$28K
Other fees for servicesLn 11g$86K
Advertising and promotionLn 12$52K
Office expensesLn 13$31K
Information technologyLn 14$297K
OccupancyLn 16$170K
TravelLn 17$134K
Conferences, conventions and meetingsLn 19$235K
Depreciation, depletion and amortizationLn 22$147K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$411K
Total functional expensesLn 25$3.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$7.8M−$553K$1.8M 990 PDF
FY2023 $7.1M$7.2M−$110K$2.2M 990 PDF
FY2022 $5.6M$6.1M−$527K$1.9M 990 PDF
FY2021 $5.1M$5.5M−$320K$3.2M 990 PDF
FY2020 Viewing $2.0M$3.9M−$1.8M$3.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,045,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,531,008$1,650,628
I-10 Investment incomePrior year $265,494$391,904
I-11 Other revenuePrior year $63,663$3,100
I-12 Total revenuePrior year $5,860,165$2,045,632
I-13 Grants and similar amounts paidPrior year $126,616$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,340,649$2,140,142
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,334,528$1,751,062
I-18 Total expensesPrior year $6,801,793$3,891,204
I-19 Revenue less expensesPrior year −$941,628−$1,845,572
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,045,632 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,235,500 · Unrelated business $415,128$1,650,628
VIII-3 Investment incomeExcluded from tax $110,660$110,660
VIII-7 Net gain or loss on sales of assetsExcluded from tax $281,244$281,244
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,100$3,100
VIII-12 Total revenueRelated to mission $1,235,500 · Unrelated business $415,128 · Excluded from tax $395,004$2,045,632
Part IX · Statement of functional expenses $3,891,204 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$257,736
IX-7 Other salaries and wages$1,430,125
IX-8 Pension plan contributions$15,808
IX-9 Other employee benefits$217,736
IX-10 Payroll taxes$218,737
IX-11b Legal fees$40,849
IX-11c Accounting fees$109,037
IX-11f Investment management fees$27,646
IX-11g Other fees for services$85,752
IX-12 Advertising and promotion$52,201
IX-13 Office expenses$31,423
IX-14 Information technology$297,312
IX-16 Occupancy$169,967
IX-17 Travel$134,078
IX-19 Conferences, conventions and meetings$234,983
IX-22 Depreciation, depletion and amortization$146,951
IX-23 Insurance$9,398
IX-24 Other expenses (24a–d)$411,465
IX-25 Total functional expenses$3,891,204
Part X · Balance sheet $7,091,732 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $500$500
X-2 Savings and temporary cash investmentsStart of year $1,544,639$1,074,998
X-4 Accounts receivableStart of year $86,840$73,695
X-9 Prepaid expenses and deferred chargesStart of year $358,712$270,810
X-10c Land, buildings and equipment, netStart of year $568,812$458,971
X-11 Publicly traded securitiesStart of year $6,582,510$5,162,249
X-15 Other assetsStart of year $50,509$50,509
X-16 Total assetsStart of year $9,192,522$7,091,732
X-17 Accounts payable and accrued expensesStart of year $158,997$213,572
X-19 Deferred revenueStart of year $3,905,359$3,102,254
X-24 Unsecured notes and loans payable$385,800
X-26 Total liabilitiesStart of year $4,064,356$3,701,626
X-27 Net assets without donor restrictionsStart of year $5,128,166$3,390,106
X-32 Total net assets or fund balancesStart of year $5,128,166$3,390,106
X-33 Total liabilities and net assetsStart of year $9,192,522$7,091,732
Part XI · Reconciliation of net assets $3,390,106 net assets at year end
XI-1 Total revenue$2,045,632
XI-2 Total expenses$3,891,204
XI-3 Revenue less expenses−$1,845,572
XI-4 Net assets at start of year$5,128,166
XI-5 Net unrealized gains (losses) on investments$107,512
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,390,106

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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